Catalyst Capital Advisors LLC Has $342,000 Stake in Equinix, Inc. (NASDAQ:EQIX)

Catalyst Capital Advisors LLC raised its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 1,412.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 363 shares of the financial services provider's stock after buying an additional 339 shares during the period. Catalyst Capital Advisors LLC's holdings in Equinix were worth $342,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Equinix by 302.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,082,455 shares of the financial services provider's stock valued at $960,820,000 after purchasing an additional 813,666 shares during the last quarter. Pathway Financial Advisers LLC lifted its stake in shares of Equinix by 89,348.4% in the third quarter. Pathway Financial Advisers LLC now owns 398,940 shares of the financial services provider's stock worth $354,111,000 after buying an additional 398,494 shares during the last quarter. Adelante Capital Management LLC boosted its holdings in shares of Equinix by 202.3% during the 3rd quarter. Adelante Capital Management LLC now owns 514,224 shares of the financial services provider's stock worth $456,441,000 after buying an additional 344,114 shares during the period. JPMorgan Chase & Co. grew its stake in Equinix by 17.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,338,597 shares of the financial services provider's stock valued at $1,188,180,000 after buying an additional 203,656 shares during the last quarter. Finally, abrdn plc raised its holdings in Equinix by 49.2% in the 4th quarter. abrdn plc now owns 464,840 shares of the financial services provider's stock worth $437,563,000 after acquiring an additional 153,215 shares during the period. Institutional investors and hedge funds own 94.94% of the company's stock.

Insider Activity at Equinix

In related news, EVP Raouf Abdel sold 1,331 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $903.71, for a total transaction of $1,202,838.01. Following the completion of the transaction, the executive vice president now directly owns 6,579 shares of the company's stock, valued at approximately $5,945,508.09. This represents a 16.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Keith D. Taylor sold 1,500 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $971.18, for a total value of $1,456,770.00. Following the transaction, the chief financial officer now directly owns 18,966 shares of the company's stock, valued at $18,419,399.88. This trade represents a 7.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,741 shares of company stock valued at $21,988,532. Insiders own 0.27% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EQIX. Wells Fargo & Company lowered their price target on Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Citizens Jmp raised Equinix to a "strong-buy" rating in a report on Monday, January 27th. Royal Bank of Canada lifted their price target on Equinix from $936.00 to $1,025.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. TD Cowen lifted their price target on Equinix from $865.00 to $984.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Finally, Truist Financial lifted their price target on Equinix from $935.00 to $1,090.00 and gave the stock a "buy" rating in a research report on Friday, November 29th. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $994.82.

Equinix Stock Down 2.2 %

Shares of EQIX stock traded down $20.57 on Friday, hitting $919.68. 664,034 shares of the stock were exchanged, compared to its average volume of 505,680. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $89.51 billion, a P/E ratio of 107.56, a price-to-earnings-growth ratio of 1.78 and a beta of 0.72. The business has a 50-day moving average of $931.27 and a 200 day moving average of $901.04. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share for the quarter, topping the consensus estimate of $2.75 by $5.17. Equinix had a return on equity of 6.31% and a net margin of 9.32%. Equities analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be given a dividend of $4.69 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This is a boost from Equinix's previous quarterly dividend of $4.26. This represents a $18.76 annualized dividend and a yield of 2.04%. Equinix's dividend payout ratio is 199.30%.

Equinix Profile

Equinix Nasdaq: EQIX is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.